BXP Raises 2026 FFO Forecast, Q2 Results Beat on Return-to-Office Momentum
BXP sits 41% above its 52-week low of $49.72.
Summary
BXP raised its full-year 2026 FFO guidance to $6.99-$7.05 per share, above the $6.96 consensus, citing accelerating return-to-office trends. Q2 FFO came in at $1.78, up from $1.71 a year ago, and revenue of $895.7 million beat estimates by $35 million. This follows an earlier Q3 EPS guide that disappointed, but the full-year raise and strong Q2 suggest improving fundamentals in key markets like New York and San Francisco. The raised outlook directly counters the negative signal from the dividend cut announced in May, indicating management sees sustained leasing demand.
At the time of this announcement, BXP was trading at $69.96 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $11.2B. The 52-week trading range was $49.72 to $79.33. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.